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VCSC Daily - Stocks surge on banks, property, brokerages - KBC, NVL, QNS, VNM

PMI drops but still above 50 for the 28th consecutive month. Vietnam's Purchasing Managers Index (PMI) slid to 51.6 in March from February’s ten-month high of 53.5 due to a slower pace of output growth. However, new orders remained solid thanks to stronger export growth. Rising output requirements and client demand continued to boost job creation and helped manufacturers remain optimistic to expand their production in the coming months.